Chengdu Xingcheng Investment Group Co., Ltd. (CXIG) issued USD 445 million of five-year fixed-rate senior bonds on 20 January 2021 through its overseas wholly-owned subsidiary Xingcheng (BVI) Limited, as part of its successfully launched USD 1.5 billion medium term note (MTN) programme. The 2.90% coupon rate was the lowest on record for the five-year USD bonds sold by issuers in Southwest China.
CXIG is a state-owned capital investment and operation firm based in Chengdu that primarily engages in building construction, real estate development, healthcare, cultural tourism, banking & finance, as well as capital operation and asset management.
A seamless KWM team across the Chengdu, Shanghai, and Hong Kong offices advised CXIG on all aspects of this debt issuance, and provided comprehensive one-stop legal services in terms of both international and domestic laws with high efficiency and quality.
This project was led by partners Zhou Hao (Hong Kong), Michael Lu (Hong Kong), Liu Feng (Chengdu), Lu Yong(Chengdu), and Yao Lei (Shanghai), and supported by counsels Jason Kuo (Hong Kong) and Yang Wei (Chengdu) and associates Lv Bei (Hong Kong), Bernice Wang (Hong Kong), and Deng Chengjie (Chengdu).
